New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-14
s38,l68,522
S4q.S47,5ll

Total S49,S47,5l1 3oloo''2z
The value of exports from New-York was a
little less this year than last, from January to
February l, and yet there appears to have been
an increase Of S13,6S1 900, or nearly 3S per
cent, in exports Of the principal products from
all the chief ports. The incomplete returns
already show that merchandise exports in JAN
uary probably exceeded imports by $2OOOOOOO
or more, and the movement OF specie this way
settled for only about 81 100000 of that diff
ference. Interest due abroad and other charges
account for a larger part but it is still possible
to conclude that part Of the excess in mcrchan-
disc exports has gone to settle for stocks inn
ported. Just at present there seem to be more
stocks bought than sold on foreign account
since the war rumors abated.
It Is curious, too, how little is now remcm-
bcrcd of the Interstate Commerce bin, which
caused such alarm and will cause some trouble
before all is done. For the moment everybody
takes It for granted that the obstacle will be
overcome. as many others have been, by the
shrcwdness or the good luck of the Nation. Rail
road earnings for January prove little, because
they compare with n month Of extraordinary
interruptions by storm and cold, but they show
gains OF over 20 per cent against nearly per
cent In mileage operated With a remarkably
large trade this year, the roads have new
reason to charge all that ihcy can get until
April when the Interstate bill will go into effect,
in order TO forify themselves for the future,
The grain movement is still large. and the
fact Is worthy of notice that in January, as in
previous months OF the crop year, wheat ex-
ports were about double those of the same
month in 1856. But the course Of prices no
longer appears to result from a belief that all
Europe is 10 he submerged in blood before
spring, and dispatches from California state that
all the rain desired for the crop thus far has
now fallen, which dsposcs Of another gloomy
rrlmor Reviving industries in Europe form
safer basis for believing in higher prices for
wheat than all these fccting or false REPORTS.
but it Is still uncertain how much moro wheat
Europe will want this season. The prospects
in India were good at last adviccs, but in Aus
tralia, Russia and the lower Danube region
less favorable.
The close Of the great strike should he fol-
lowed by some weeks Of unusual activity, though
the So 100000 which the workingmen have
lost hy idlcrcss they cannot get hack and 1t
makes difference with their ability 10
purchase. In commercial circles the veto OF
the Dependent Pensions bill is hardly regarded
as an event Of financial Importance, though it
may prove Of consequence next fall. An en-
couraging feature is the breakdown Of the
Democratic attempts to change tho tariff by
much lcttcr-writing, though it really seems to
make not much difference what laws Congress
cnacs or fails to enact, so long as the Treasury
Il I'D, ~ nd aIt IA
ually rs it has done by action on wool and iron
orc duties. The report OF furnaces in blast
shows that tho production of pig iron is now
larger by alou, 10000 tons yearly than Il
was when tho year began, and several other
furnaces are expected TO 90 into blast this
month Yet no weakness in prices appears.
though the market is less active and possibly
lc. confident than II was two weeks ago.